Technical analysis

NZDCHF Wave Analysis – 15 February, 2022

NZDCHF Wave Analysis – 15 February, 2022

• NZDCHF reversed from support zone

• Likely to fall to resistance level 0.6200

NZDCHF currency pair recently reversed up from the support zone located between the key support level 0.6100 (which has been reversing the pair from the start of January) and the lower daily Bollinger Band.

The upward reversal from this support zone stopped the previous short-term impulse wave 3.

Given the strength of the aforementioned support zone – NZDCHF currency pair can be expected to rise further toward the next resistance level 0.6200 (former support from January and December).

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